ARISING FUTURES
FINANCIAL ACCOUNTS FOR THE PERIOD ENDED 31[ST] MARCH 2024
REGISTERED CHARITY NUMBER: 1200517
ARISING FUTURES
Financial Statements for the year ended 31 MARCH 2024
INDEX
PAGE NUMBER Contents
1 -2 Trustees Annual Report 3 Receipts and Payments
3 Receipts and Payments 4 Statement of Assets and Liabilities
ARISING FUTURES
Reference and administrative details
Charity Name: ARISING FUTURES Registered charity number: 1200517
Charity’s principal address
The hub Bold Street Bolton BL1 1LS
The Trustees who served during the period are as follows:
Sugra Akbar – Appointed 29[th] September 2022 Mehwish Jabeen – Appointed 29[th] September 2022 Shafina Iqbal – Appointed 29[th] September 2022
Structure, governance and management
Type of governing document: Constitution dates 29th September 2022 The charity is Charitable Incorporated Organisation
Trustee selection methods
Individuals with the appropriate skills, knowledge and experience needed for the effective administration of the charity.
Policies and procedures:
Policies have been provided for: Induction and Training Trustee Code of Conduct Safeguarding Equality and Diversity Confidentiality and Data Protection
Objectives and Activities
Summary of the objects of the charity set out in its governing document
The object of the CIO is to works towards the prevention of relief of poverty. Providing advocacy, advice and information to the public and communities.
The charity’s organisational structure and wider network in which the charity works.
The charity operates in:
Bolton, Bury, Lancashire, Manchester City, Oldham, Rochdale, Salford City, Tameside, Trafford, Wigan
It works with local communities and networks with organisations from the various Boroughs to develop partnership working and bringing change for the beneficiary
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ARISING FUTURES
Financial Statements for the year ended 31 MARCH 2024
Main activities undertaken for the public benefit in relation to these objects
The charity is newly set up and in the process of applying for funding to set up groupwork activities. .
Public benefit
In setting our objectives and planning our activities, the trustees have considered the Charity Commission's general guidance on public benefit.
ACHIEVEMENTS AND PERFORMANCE
Main achievements
Securing volunteers for the project within the first 6 months of incorporation. The charity currently has 3 volunteers working on developing the work until funding is secured .
We held groupwork sessions to support women develop their skills and achieve accessibility in employment. Our service users increased their confidence, developed computer skills and were able to build their cv and register with many employment agencies. The outcome was achieved with users of the group becoming more independent and equipped to integrate within the communities and access volunteering opportunities.
FINANCIAL REVIEW
Charity’s policy on reserves
The trustees have considered the level of unrestricted reserves that would be appropriate for the charity to maintain. This will be 50% of the annual income for the second year and will be reviewed as the charity develops.
At the year ended 31 March 2024 the Charity’s bank funds amounted to £5,187 out of which £5 was unrestricted.
The reserve policy and level of reserves required will be reviewed on a regular basis by the trustees during their meetings.
The trustees declare that they have approved the trustees report above.
Signed on behalf of the charity’s trustees
Full Name: Sugra Akbar
Trustee
Date: 14[th] October 2024
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ARISING FUTURES
FOR THE YEAR ENDED - 31 MARCH 2024
RECEIPTS AND PAYMENTS ACCOUNTS
| Unrestricted funds £ Receipts Grants received - Donations - Total receipts - Payments Charitable services - Wages, Salaries & NI - Sub total - RECEIPTS AND PAYMENTS Asset and investment purchases Sub total Total payments Net of receipts/(payments) Transfers between funds Cash funds last year end Cash funds this year end |
Unrestricted funds £ - - |
Restricted Total funds funds £ £ 12,000 12,000 - - - - 9,100 9,100 - - 9,100 9,100 - 898 898 |
|---|---|---|
| - | ||
| - - |
||
| - | ||
| - 898 898 |
||
| - 9,998 9,998 |
||
| - 2,002 2,002 - - - |
||
| - 5 5 |
||
| 5 5,182 5,187 |
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ARISING FUTURES
FOR THE YEAR ENDED 31[ST] MARCH 2024
| CASH FUNDS Bank Total cash funds |
Year Ended 31.03.2024 Unrestricted Restricted Total Funds £ 5 5,182 5,187 |
|---|---|
| 5 5,182 5,187 |
Liabilities : £5,182 -
Signed on behalf of the trustees:
Signed on behalf of all the trustees:
Signature:
Sugra Akbar Trustee
14[TH] October 2024
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